Siga Technologies Sees Unusually Large Options Volume (NASDAQ:SIGA)

Siga Technologies Inc. (NASDAQ:SIGA) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 1,200 call options on the stock. This represents an increase of approximately 1,438% compared to the typical volume of 78 call options.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Siga Technologies from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Siga Technologies in a research report on Friday, October 31st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Siga Technologies currently has an average rating of “Hold”.

Siga Technologies Price Performance

Shares of NASDAQ:SIGA opened at $6.21 on Thursday. The firm has a fifty day moving average price of $8.42 and a two-hundred day moving average price of $7.39. The company has a market cap of $444.70 million, a price-to-earnings ratio of 5.50 and a beta of 0.93. Siga Technologies has a one year low of $4.95 and a one year high of $9.62.

Siga Technologies (NASDAQ:SIGA) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.09) earnings per share for the quarter. Siga Technologies had a return on equity of 40.52% and a net margin of 45.73%.The firm had revenue of $2.62 million during the quarter. Equities research analysts expect that Siga Technologies will post 1.04 EPS for the current fiscal year.

Institutional Trading of Siga Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. Campbell & CO Investment Adviser LLC lifted its holdings in shares of Siga Technologies by 413.6% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 198,413 shares of the company’s stock worth $1,294,000 after acquiring an additional 159,779 shares during the last quarter. Wellington Management Group LLP raised its position in Siga Technologies by 51.7% during the first quarter. Wellington Management Group LLP now owns 182,328 shares of the company’s stock valued at $999,000 after purchasing an additional 62,103 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Siga Technologies by 52.9% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,158,320 shares of the company’s stock worth $17,308,000 after purchasing an additional 1,093,080 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Siga Technologies during the second quarter worth about $394,000. Finally, Nuveen LLC purchased a new position in shares of Siga Technologies in the 1st quarter worth about $815,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

About Siga Technologies

SIGA Technologies, Inc, a commercial-stage pharmaceutical company, focuses on the health security related markets in the United States. Its lead product is TPOXX, an oral formulation antiviral drug for the treatment of human smallpox disease caused by variola virus. The company was incorporated in 1995 and is headquartered in New York, New York.